# DEERE & CO (DE) FY2026 YTD Q2 P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2025-11-03 to 2026-05-03 - Filing: Q2 FY2026 10-Q, filed 2026-05-28, accession number 0001104659-26-067311 - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2025-11-03 through 2026-05-03. View: Product and service (7 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Production Agriculture**: 7,496,000,000 US dollars - **Small Agriculture**: 3,866,000,000 US dollars - **Turf**: 1,639,000,000 US dollars - **Construction**: 2,625,000,000 US dollars - **Compact Construction**: 1,121,000,000 US dollars - **Roadbuilding**: 2,042,000,000 US dollars - **Forestry**: 563,000,000 US dollars - **Undisclosed (calculated)**: 3,629,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-geography-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **UNITED STATES**: 12,159,000,000 US dollars - **CANADA**: 1,865,000,000 US dollars - **Western Europe**: 3,571,000,000 US dollars - **Central Europe and CIS**: 835,000,000 US dollars - **Latin America**: 2,310,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 2,241,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-timing-of-transfer-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Revenue Recognized at a Point in Time**: 19,919,000,000 US dollars - **Revenue Recognized Over Time**: 3,062,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Product and Service (4 categories) - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-product-and-service-4-categories - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-product-and-service-4-categories-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Net Sales**: 19,779,000,000 US dollars - **Finance and Interest Income**: 2,551,000,000 US dollars - **Other Income**: 540,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Revenue before reconciliation (calculated)**: 22,870,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Other Income**: 111,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-business-segment-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Production & Precision Agriculture (PPA)**: 7,876,000,000 US dollars - **Small Agriculture & Turf (SAT)**: 5,766,000,000 US dollars - **Construction & Forestry (CF)**: 6,588,000,000 US dollars - **Undisclosed (calculated)**: 2,751,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Financial Services (FS)**: 2,997,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 6,514,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 74,000,000 US dollars - **Production & Precision Agriculture (PPA) - Revenue Recognized at a Point in Time**: 7,666,000,000 US dollars - **Production & Precision Agriculture (PPA) - Revenue Recognized Over Time**: 210,000,000 US dollars - **Small Agriculture & Turf (SAT) - Revenue Recognized at a Point in Time**: 5,669,000,000 US dollars - **Small Agriculture & Turf (SAT) - Revenue Recognized Over Time**: 97,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Revenue before reconciliation (calculated)**: 23,227,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 246,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Financial Services (FS)**: 2,997,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 1,121,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 2,625,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 563,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 2,042,000,000 US dollars - **Production & Precision Agriculture (PPA) - Production Agriculture**: 7,496,000,000 US dollars - **Small Agriculture & Turf (SAT) - Small Agriculture**: 3,866,000,000 US dollars - **Small Agriculture & Turf (SAT) - Turf**: 1,639,000,000 US dollars - **Undisclosed (calculated)**: 632,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Net Sales revenue**: 19,779,000,000 US dollars - **Finance and Interest Income**: 2,658,000,000 US dollars - **Other Income**: 544,000,000 US dollars - **Net Sales cost of revenue**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2026-ytd-q2-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2026-ytd-q2-revenue-by-business-segment-by-geography-sankey.png Income statement for 2025-11-03 through 2026-05-03. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 22,981,000,000 US dollars - **Cost of revenue (calculated)**: 14,547,000,000 US dollars - **Gross profit (calculated)**: 8,434,000,000 US dollars - **Operating expenses (calculated)**: 5,305,000,000 US dollars - **Operating profit (calculated)**: 3,129,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 3,129,000,000 US dollars - **Provision for income taxes**: 714,000,000 US dollars - **Net Income**: 2,425,000,000 US dollars - **Financial Services (FS)**: 2,997,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 311,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 3,894,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 657,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 181,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 1,034,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 511,000,000 US dollars - **Production & Precision Agriculture (PPA) - CANADA**: 885,000,000 US dollars - **Production & Precision Agriculture (PPA) - UNITED STATES**: 3,238,000,000 US dollars - **Production & Precision Agriculture (PPA) - Asia, Africa, Oceania, and Middle East**: 654,000,000 US dollars - **Production & Precision Agriculture (PPA) - Central Europe and CIS**: 469,000,000 US dollars - **Production & Precision Agriculture (PPA) - Western Europe**: 1,118,000,000 US dollars - **Production & Precision Agriculture (PPA) - Latin America**: 1,512,000,000 US dollars - **Small Agriculture & Turf (SAT) - CANADA**: 288,000,000 US dollars - **Small Agriculture & Turf (SAT) - UNITED STATES**: 2,939,000,000 US dollars - **Small Agriculture & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 822,000,000 US dollars - **Small Agriculture & Turf (SAT) - Central Europe and CIS**: 181,000,000 US dollars - **Small Agriculture & Turf (SAT) - Western Europe**: 1,313,000,000 US dollars - **Small Agriculture & Turf (SAT) - Latin America**: 223,000,000 US dollars - **Cost of sales**: 14,547,000,000 US dollars - **Research and development expenses**: 1,137,000,000 US dollars - **Selling, administrative and general expenses**: 2,181,000,000 US dollars - **Interest expense**: 1,431,000,000 US dollars - **Other operating expenses**: 556,000,000 US dollars - **Revenue before reconciliation (calculated)**: 23,227,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 246,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. - **Equity in income (loss) of unconsolidated affiliates**: 10,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $2.43 B; to noncontrolling interests: −$4.00 M.